Pat's Catering finds that when it caters 20 meals a week, it's total cost $6,000. If Pat has total variable cost of $5,000, what is Pat’s total fixed cost?
- $250
- $1,000
- $6,000
- None of these
Explanation
Total cost = Fixed cost + Variable cost
$6,000 = Fixed cost + $5,000
Fixed cost = $6,000 - $5,000 = $1,000
Last verified on 22-04-2026
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